PIMCO RAE Emerging Markets Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, PIMCO RAE Emerging Markets Fund held 307 positions with $2.77B in net assets. Its ten largest holdings made up 30.7% of the fund. The PEIFX share class costs 0.75% a year. Over the 12 months to May 2026, PEIFX returned 35.2%, with dividends reinvested. In 2026 Q2 it added 302 new positions and exited 301.
The Fund seeks long-term capital appreciation.
The fund invests in stocks economically tied to emerging market countries selected by its sub-adviser using the RAE methodology, a rules-based model that screens for quantitative signals of higher expected returns such as value, quality, and momentum, then weights holdings by fundamental measures of company size including sales, cash flow, dividends, and book value. The fund rebalances positions periodically to target weights, reflecting a value orientation, and the sub-adviser provides the constituents and target weights without portfolio manager discretion over allocations. Because actual positions drift from target weights as market prices change, the fund's holdings may diverge from the RAE Emerging Markets Portfolio between rebalancing dates.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Vale SA | 4.11% | $113.54M | 7.5M | $15.09 |
China Petroleum & Chemical Corp | 3.57% | $98.69M | 193.2M | $0.5108 |
Lenovo Group Ltd | 3.54% | $97.95M | 33.0M | $2.97 |
Petroleo Brasileiro SA - Petrobras | 3.35% | $92.52M | 12.6M | $7.32 |
PetroChina Co Ltd | 3.13% | $86.69M | 80.3M | $1.08 |
ASE Technology Holding Co Ltd | 3.09% | $85.49M | 3.8M | $22.32 |
United Microelectronics Corp | 2.77% | $76.51M | 14.3M | $5.36 |
Evergreen Marine Corp Taiwan Ltd | 2.69% | $74.56M | 12.8M | $5.81 |
Innolux Corp | 2.27% | $62.68M | 28.3M | $2.21 |
Ping An Insurance Group Co of China Ltd | 2.17% | $59.89M | 9.2M | $6.54 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 307 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.60% |
| Cash & short-term | 1.87% |
How it has done
PEIFX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.74%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.75% | +35.19% | +81.73% | +65.21% | -10.52% | |
| 0.85% | +35.10% | +81.17% | +64.42% | -10.41% | |
| 1.10% | +34.76% | +79.80% | +62.35% | -10.55% |
These classes hold the same portfolio, so the 2.86pp spread over 5 years is the cost difference between them — roughly 0.57pp a year — not a difference in what they own.
Fees & fund details
PIMCO RAE Emerging Markets Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.75% – 1.10%· PEIFX 0.75%
- Portfolio turnover
- 48.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
302 new· the largest 8
301 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Understand how this fund fits with the rest.
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